In a Consolidated style MDM (Master Data Management) approach, data from multiple source systems is integrated into a single consolidated repository. This consolidated repository acts as the authoritative source for master data, often referred to as the "system of record." The system of record maintains the most accurate, up-to-date, and comprehensive view of master data. Key traits of this approach include:
Centralization: All master data is centralized in one repository, which simplifies data management and governance.
Consistency: Ensures that all users and systems access the same consistent set of master data.
Data Quality: Enhances data quality through data cleansing, deduplication, and validation processes.
Single Source of Truth: Serves as the definitive source for master data, reducing discrepancies and inconsistencies across the organization.
References:
DAMA-DMBOK: Data Management Body of Knowledge, 2nd Edition.
"Master Data Management and Data Governance" by Alex Berson and Larry Dubov.
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